Microsoft stock stumbles but cloud spending supports upside
Microsoft stock price has been under pressure over the past few weeks amid the broader market volatility as the surge in virus infections has forced the governments to place lockdowns.
Amazon stock is set for big gains as sales jump 37%
Amazon stock has been under pressure over the past few weeks amid the broader market volatility, but the latest sales report would help in enhancing bullish sentiments. Its third-quarter sales jumped 37% from the year-ago period, with expectations for similar growth in the final quarter.
Apple stock fell amid weak iPhone sales, iPhone 12 in focus
Apple stock price slid more than 4% after the company reported a substantial drop in iPhone sales. The company blames pandemic related problems along with a delay in the new iPhone release for the sales decline. Shares of the largest tech company are currently trading around multi months low.
European stock markets slump to six month low, US stocks crashed
European stock markets fell to the lowest level in the last six months as the second coronavirus wave has been forcing governments to introduce new business restrictions. German DAX index plunged more than 4% on Wednesday and extended the downside into Thursday trading.
General Electric stock rally despite stock market slump
General Electric stock price bounced more than 4% after reporting stronger than expected results for the third quarter. The company has also optimized investor’s sentiments by providing a bright outlook for the final quarter and fiscal 2021.
Business restrictions knock European stock markets
European stock markets begin the new week with a bigger loss as shares plunged on fresh social distancing restrictions in the euro-zone. The wider than expected loss from German largest tech company SAP pulled out 7% of the value from the tech sector.
Twilio stock plunge on earnings, but fundamentals are strong
Twilio stock price slid slightly despite reporting stronger than expected results for the third quarter. The shares of the customer engagement platform fell amid trader’s concerns over guidance for wider than expected loss for the final quarter this year.
European Stocks Retreat On Virus Worries, Economic Growth
After posting the largest weekly drop, European stocks retreated at the beginning of the new week as concerns over the second coronavirus wave have significantly impacted investor’s sentiments.
General Electric Stock Soar 24% in a Month, Here’s Why
General Electric stock price rose 24% in the last month alone as investors sentiments are turning positive for the industrial conglomerates amid prospects for free cash flow generation.
Boeing stock is steady despite big losses from airline customers
Boeing stock has steadily been moving upward despite big losses from passenger airlines, resulting in massive order cuts for new planes. Although the shares of the largest airplane maker jumped 20% in the past six months, the stock price is still down almost by 50% so far this year.
Intel Stock Tumbles on Lower Data-Centric Revenue
Intel stock price plunged more than 10% in post-market trading as investors reacted to a big decline in data-centric revenue despite topping revenue estimates for the third quarter and lifting full-year outlook.
Tesla Stock Shining After Record Quarterly Performance
Tesla stock price soared more than 13% in post-market trading as the world’s largest electric vehicle company reported record quarterly earnings. Its revenue of $8.77 billion soared 39% year over year, topping analysts’ consensus estimate by $460 million.